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President Obama: “…truer vision of what the USA is all about.”

A government debt is a government claim against personal income and private property – an unpaid tax bill. – Hans F. Sennholz

President Obama: “…truer vision of what the USA is all about.”

During the course of his presidency, Mr. Obama will increase the national debt over $5 trillion. By the end of 2012, the total of United States government debt will be at least $15 trillion. Don't forget, this is an unpaid tax bill – a claim against every American’s personal income and private property.

Twice in the past two years, President Obama has nastily attacked Representative Paul Ryan’s proposed budgets. In this year’s attack on Representative Ryan and the Republicans, Mr. Obama spoke of two visions for America. As reported by Politico:

“I can’t remember a time when the choice between two competing visions of our future has been so unambiguously clear.” …

Mr. Obama is almost correct.

However, rather than visions, there are two competing fiscal plans. President Obama intends to increase spending and debt. Representative Ryan, approved by the House Republicans, offers a path to reduce America’s spending and debt. Ryan sets guidelines for areas of federal spending – health, entitlements, defense and the list is almost endless. Additionally, Mr. Ryan proposes tax reform, correcting an inefficient and corrupt code. Within 10 years, Ryan's plan reduces the spending-to-GDP ratio closer to historical rates.

Our law requires President Obama to submit a budget. His budget increases the rate of spending, does not reduce the debt and maintains high spending-to-GDP ratios. The President’s previous two budgets were so poorly constructed that they were unanimously defeated – Republicans and Democrats - by the Senate in 2011 and the House in 2012.

Yes, these votes were political theater, but also demonstrate the insignificant elements of the President’s fiscal plan. Thus, the President’s fiscal plan is to spend more and more while continuously repeating the sound bite “tax the rich – their fair share.”

Meanwhile, the debt piles up and up and America is fiscally spiraling down to likes of Italy, Spain and Greece. The President and his administration know America’s debt is enormous and very dangerous, but they intentionally increase the rate of spending.

Additionally, Mr. Obama knows, with his spending expansion, averting financial devastation requires new and additional taxes. Thus, money must be extracted from the American public. Mr. Obama knows that if the government confiscates all the wealth of the rich, there is still not enough to cover America’s debts. Realistically, the new tax increases will impact every American. Almost every American will pay more taxes. Additionally, the increased tax burden will reduce savings, investing, and economic growth. America’s standard of living will continue to stagnate...at best.

Still need explicit examples of increased taxes to pay for government debt? Last year, Illinois increased their income tax by 66%. A debt-plagued California is attempting to increase their top rate on income from 10 to 13%.

Stripped of all the political rhetoric, Mr. Obama intends to keep spending, and, after the election, America will be forced to increase taxes. In comparison, Mr. Ryan has proposed a budget process to reduce the growth of government spending and reduce the debt without tax increases. Please note, FreedomWorks and the Tea Party Debt Commission assert that the Ryan/Republican proposal falls short of necessary reform. Unfortunately, until November’s election is over, the debate will be focused on Ryan/Republican budget and the President’s demagoguery of their plan.

Again, the President ridiculed Mr. Ryan and his budget last year, and the President continued spending. This year, the spending and the debt continue to explode. Unfortunately, demagoguery and political theater is also detonating. Now the President claims:

"In the months ahead I will be fighting as hard as I know how for this truer vision of what the USA is all about.”

Without a doubt, you will not hear about his future tax increases. You will hear deceptive sound bites from Obama’s campaign spokesman Ben LaBolt, such as the following:

“It was very important to highlight that contrast because this is going to be a discussion throughout the campaign,” LaBolt said, calling the Ryan plan “One Flew Over the Cuckoo’s Nest-style fiscal insanity.”

In 1776, George Mason wrote the Virginia Declaration of Rights, which states: “Enjoyment of Life and Liberty” are preserved “… with the Means of acquiring and possessing Property , and pursueing and obtaining Happiness and Safety.” The liberty to work, and obtain the fruits of a person’s labor are essential for freedom. This is the core element of the Tea Party rebellion. Yes. Go Tea Party!

Barack Obama’s statement that “empathy” would be a key qualification he’d look for in a nominee to replace David Souter on the Supreme Court is not simply soft liberal thinking, it’s a direct attack on the rule of law, an abrogation of Obama’s oath of office – and entirely consistent with Obama’s prior statements. Obama’s statement about the process of selecting his nominee included this:

Click here to download the PDFOn behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to vote “No” on the Obama-Pelosi-Reid budget being considered this week. Their budget taxes too much, spends too much, and borrows too much. And, potentially worst of all, it would open the door for socialized medicine and a massive energy tax to be enacted later this year without substantial debate through the reconciliation process.

It’s quite amazing to see how busy gun stores are and how empty the ammunition shelves are these days. Also, record numbers of people are applying for concealed-carry permits. Read more about what I think is a very interesting subject in my article at Human Events today: “Are You Hoarding Ammo?” http://www.humanevents.com/article.php?id=31268

I used the word “incorrect” in the title because I’m feeling momentarily generous. A more precise word would probably have been “lied". Today’s news about deficits is, not surprisingly, much worse than the already-bad picture painted for us by the Obama administration and their ridiculously rosy economic forecasts. An AP article entitled “$1 trillion deficits seen for next 10 years” explains that:

The media and political furor of the week is the employee bonuses paid by AIG under contracts that existed prior to the government’s effective takeover of the company. And while the President as well as politicians of both parties are fulminating about the payouts, voter anger should be directed more at those very politicians than at AIG.

The president's budget contains at least eight different tax hikes on domestic oil production. From removing tax breaks to the implementation of cap-and-trade, the budget is sure to reduce domestic oil production.